CASE STUDY
“ The benefits we ’ re seeing are more than we anticipated ,” Goyal said . “ Accurate inventory tracking and audits have led to better reporting , which impacts multiple areas of business .” say you ’ ve made a deal with a vendor to give you a discount on a certain product ,” Goyal said . “ The system will generate an alert when the cost is outside of what was agreed to . It ’ s great for vendor accountability .”
Recently , Vintners has successfully reduced shrink in its stores and improved ordering . “ In California , real estate is very expensive , so we don ’ t want to waste it ,” Goyal said .
“ PDI ’ s detailed product movement report and suggested ordering tools help us eliminate inventory waste and prevents out-of-stock occurrences on popular items .”
In addition , the company was able to enhance merchandising and marketing strategies with market basket data . “ Like most retailers , we use this valuable data to develop in-store promotions , but we take it a step further ,” said Goyal .
“ We also use it to negotiate with vendors . If certain products they want to promote aren ’ t moving in our stores , we make deals around products that do . It puts the negotiating power back in our hands because we have the information to back it up .”
Cost exception reports also proved to be particularly helpful in managing vendor relationships . “ Let ’ s
In all , Goyal says item-level inventory is saving Vintners hundreds of thousands of dollars every year .
“ The benefits are tangible . Recently we saw a savings of nearly US $ 400,000 . It requires dedication to implement and maintain , but it ’ s worth it . Having PDI in our corner just makes it easier .” p
THE SYSTEM WILL
GENERATE AN ALERT WHEN THE COST IS OUTSIDE OF WHAT WAS AGREED TO . IT ’ S GREAT FOR VENDOR
ACCOUNTABILITY .
www . intelligentcio . com INTELLIGENTCIO NORTH AMERICA 59